The Economic and Financial Crimes Commission (EFCC) and celebrity barman, Cubana Chief Priest, have opted to settle the naira abuse charge brought against the socialite out of court. This decision marks a new chapter in the legal saga that has garnered widespread attention in recent months.
The developments come after Cubana Chief Priest was granted N10 million bail with two sureties in like sum by the Federal High Court in Lagos State. He had been arraigned before Justice Kehinde Ogundare on three counts bordering on abuse of naira, spraying, and tampering with the nation’s currency at a social event, contravening provisions of the Central Bank Act of 2007.
The allegations stemmed from an incident on February 13, 2024, at Eko Hotel, where Cubana Chief Priest was accused of spraying the naira, sparking public outcry and legal action from the EFCC. However, with the decision to settle out of court, the legal proceedings have taken an unexpected turn.
While details of the settlement agreement remain undisclosed, speculation abounds regarding the terms and implications for both parties involved. Observers have noted the significance of this resolution, considering the high-profile nature of the case and its potential impact on Cubana Chief Priest's reputation and career.
